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Nahdi Medical Co (SAU:4164) Receivables Turnover : 11.60 (As of Mar. 2024)


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What is Nahdi Medical Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Nahdi Medical Co's Revenue for the three months ended in Mar. 2024 was ﷼2,257 Mil. Nahdi Medical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ﷼195 Mil. Hence, Nahdi Medical Co's Receivables Turnover for the three months ended in Mar. 2024 was 11.60.


Nahdi Medical Co Receivables Turnover Historical Data

The historical data trend for Nahdi Medical Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nahdi Medical Co Receivables Turnover Chart

Nahdi Medical Co Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
57.50 63.71 57.51

Nahdi Medical Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.32 11.57 11.56 14.49 11.60

Competitive Comparison of Nahdi Medical Co's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Nahdi Medical Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nahdi Medical Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nahdi Medical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nahdi Medical Co's Receivables Turnover falls into.



Nahdi Medical Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Nahdi Medical Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=8713.676 / ((130.202 + 172.848) / 2 )
=8713.676 / 151.525
=57.51

Nahdi Medical Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=2257.497 / ((172.848 + 216.509) / 2 )
=2257.497 / 194.6785
=11.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nahdi Medical Co  (SAU:4164) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Nahdi Medical Co Receivables Turnover Related Terms

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Nahdi Medical Co (SAU:4164) Business Description

Traded in Other Exchanges
N/A
Address
PO Box 17129, Jeddah, SAU, 21484
Nahdi Medical Co is engaged in the wholesale and retail trading of cosmetics, pharmaceutical products, special and healthy foods and medical equipment.

Nahdi Medical Co (SAU:4164) Headlines

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